Stock Traders Buy Large Volume of Call Options on Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN)

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) saw some unusual options trading on Friday. Stock traders bought 39,828 call options on the stock. This represents an increase of 27% compared to the typical volume of 31,416 call options.

Direxion Daily FTSE China Bull 3X Shares Price Performance

YINN opened at $32.13 on Friday. Direxion Daily FTSE China Bull 3X Shares has a 12-month low of $13.40 and a 12-month high of $59.26. The stock has a market capitalization of $1.44 billion, a PE ratio of 4.13 and a beta of 2.93. The firm’s fifty day moving average price is $32.36 and its 200 day moving average price is $26.88.

Institutional Investors Weigh In On Direxion Daily FTSE China Bull 3X Shares

A number of institutional investors have recently modified their holdings of YINN. Strategic Wealth Investment Group LLC acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 3rd quarter valued at approximately $860,000. Gateway Advisory LLC boosted its holdings in Direxion Daily FTSE China Bull 3X Shares by 20.0% in the second quarter. Gateway Advisory LLC now owns 18,000 shares of the exchange traded fund’s stock worth $402,000 after purchasing an additional 3,000 shares during the period. Quadrature Capital Ltd bought a new stake in Direxion Daily FTSE China Bull 3X Shares during the first quarter valued at $281,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the second quarter worth $277,000. Finally, Chilton Capital Management LLC acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the first quarter worth $56,000.

Direxion Daily FTSE China Bull 3X Shares Company Profile

Direxion Daily China Bull 3x Shares ETF (the Fund) seeks daily investment results of 300% of the price performance of the BNY China Select ADR Index (the China Index). The China Index is a free float-adjusted capitalization-weighted index designed by the Bank of New York to track the performance of a basket of companies who have their primary equity listing on a stock exchange in China and which also have depositary receipts that trade on a United States exchange or on the National Association of Securities and Dealers Automated Quotation.